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reliance chemotex indus ltd (RCI) Details

Reliance Chemotex Industries Limited manufactures, sells, and exports fiber-dyed and synthetic blended yarns of polyester, viscose, and acrylic in India and internationally. It offers ring spun, fiber-dyed viscose, and polyester yarns. The company was incorporated in 1977 and is based in Udaipur, India.

reliance chemotex indus ltd (RCI) Key Developments

Reliance Chemotex Industries Limited Reports Standalone Unaudited Earnings Results for the Fourth Quarter and Audited Earnings Results for the Full Year Ended March 31, 2015

May 29 15

Reliance Chemotex Industries Limited reported standalone unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2015. For the quarter, the company's net sales/income from operations (net of excise duty) was INR 572.24 million compared to INR 618.89 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 17.85 million compared to profit from operations before other income, finance costs and exceptional items of INR 41.57 million a year ago. Profit from ordinary activities before tax was INR 29.19 million compared to INR 31.79 million a year ago. Net profit was INR 15.63 million compared to INR 7.03 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 2.37 compared to INR 0.38 a year ago.
For the year, the company's net sales/income from operations (net of excise duty) was INR 2,271.52 million compared to INR 2,422.03 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 49.27 million compared to INR 175.203 million a year ago. Profit from ordinary activities before tax was INR 90.54 million compared to INR 94.58 million a year ago. Net profit was INR 65.1 million compared to INR 56.59 million a year ago. Basic and diluted earnings per share before and after extraordinary items was INR 10.11 compared to INR 9.03 a year ago.

Reliance Chemotex Industries Ltd. announced that the Board of Directors of the company at its meeting held on May 29, 2015, recommended 10% dividend on equity shares and also recommended 10% dividend on preference shares.
In the meeting, the board also approved the resignation of Shanker Lal Shroff and Basant Kumar Agarwal from directorship.

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